Frontier Gets Conn. OK on Bankruptcy Reorg
Frontier received an OK of its pending Chapter 11 bankruptcy restructuring Wednesday from Connecticut's Public Utilities Regulatory Authority in a 3-0 vote. Conditions include a requirement that Frontier continues to negotiate in good faith on the transfer of ownership interest…
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and jointly owned utility poles, a series of status reports that PURA will monitor and assign a mediation team if significant progress isn't made, and that the Southern New England Telephone Company expand its fiber to the premises network to at least 100,000 additional locations by the end of 2024. Frontier must also report any changes in executive leadership and commit to maintaining its corporate headquarters in Connecticut for two years. Employee wages and benefits, including any expired collective bargaining agreements in place within the date of Frontier filing for bankruptcy, must be assumed by the company. SNET is also "barred from permitting a net reduction due to involuntary attrition in the number of SNET employee technicians and customer service representatives" in the state for two years. The California Public Utilities Commission is the final state to consider Frontier's restructuring and is expected to vote in mid-March (see 2102020046).